Tesla's sales in Europe plunged 49% in April, even as electric car demand surged, signaling growing trouble for the U.S. EV giant in a competitive and shifting market.
In April, Tesla's sales in Europe dropped sharply by 49% year-on-year, despite a 27.8% increase in overall battery-electric vehicle sales across the region, according to data from the European Automobile Manufacturers Association.This marks Tesla's fourth consecutive month of decline, with its market share nearly halved to 0.7% from 1.3% a year ago. The company’s recent Model Y upgrades appear to have done little to restore its image in the region.
Meanwhile, total car sales in the EU, Britain, and EFTA stood at 1.07 million units, down slightly by 0.3% from last year. Electrified vehicles made up 59.2% of all registrations in the EU — up from 47.7% the previous year — with strong growth especially in Spain and Italy. However, Tesla faces growing pressure from Chinese automakers like SAIC Motor and broader discontent around Elon Musk’s political stances. Despite easing U.S.-China trade tensions, uncertainty and tariffs continue to weigh on the global automotive outlook.
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On this week’s episode of Context, Dilek Tuna speaks with guests about Gaza ceasefire progress, Netanyahu’s reported relocation plan for Palestinians, and how regional diplomacy is evolving amid rising Israel-Iran tensions.
President Trump announced steep new tariffs on seven more countries starting 1 August, intensifying his push for what he calls "fair trade" amid rising global tensions.
Nvidia has made history as the first publicly traded company to surpass a $4 trillion market value, driven by an AI-fueled investor boom.
Pope Leo has expressed the Vatican’s readiness to host peace negotiations between Russia and Ukraine, according to a statement released by the Holy See on Wednesday (July 9). The offer came during his meeting with Ukrainian President Volodymyr Zelenskyy.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
European Commission President Ursula von der Leyen urged stronger sanctions and defence support for Ukraine as the EU's 18th sanctions package against Russia nears approval.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Nvidia has made history as the first publicly traded company to surpass a $4 trillion market value, driven by an AI-fueled investor boom.
Oil prices climbed on Wednesday, maintaining their highest levels since 23 June, lifted by recent attacks on shipping in the Red Sea, along with concerns over steep U.S. tariffs on copper and a forecast for lower U.S. oil production.
An integrated mountain agropastoral system in Tajikistan has become the first Central Asian addition to the Globally Important Agricultural Heritage Systems (GIAHS), - the Food and Agriculture Organization of the United Nations (FAO) announced.
China’s annual consumer inflation reached 0.1% in June, slightly above market expectations of a 0.1% decline, according to data released Wednesday by the National Bureau of Statistics.
President Donald Trump’s postponement of a sweeping tariff deadline to 1 August has renewed hopes for trade deals with key partners, but left smaller exporters and businesses grappling with uncertainty.
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